What is Digg?56 Comments
- CraigCarlyle, on 10/12/2007, -6/+41*Looks at Paris Hilton*
No *****? - Hentez, on 10/12/2007, -3/+34..But it sure as hell helps!
- xaaronreevesx, on 10/12/2007, -3/+3050 cent, MIMS, JIBBS, etc...
- ddxChrist, on 10/12/2007, -5/+28@mee2
Perhaps they realize that there is more to life than the accumulation of material wealth. - ddxChrist, on 10/12/2007, -2/+19@mee2
To each his own, I suppose. To be honest, I'm not one for the competitive rat race of accumulating wealth. At the end of the day, it just doesn't seem meaningful to me; instead, it looks petty and insubstantial compared to what I find in meditation, helping others, and having a genuine interest in what I do. - MrZeolite, on 10/12/2007, -1/+17Yeah, but inheriting and earning are two completely different things...
- dominasian, on 10/12/2007, -4/+20paris hilton...
- buffjingles, on 10/12/2007, -4/+13You'll never be rich on a salary.
- mal1964, on 10/12/2007, -2/+11if you cant use your head, you better know how to give some head
- asdren, on 10/12/2007, -2/+11being ruthless helps more than being smart
- slicedoranges, on 10/12/2007, -4/+11The first thing I thought of after reading the title are republicans.
- nemobushido, on 10/12/2007, -1/+7Smart people realize what's important in life:
Making a life, not a living. - Vicissidude, on 10/12/2007, -0/+5Intelligence is only one factor that can contribute to, but certainly not guarantee, wealth. You can be smart, know a lot about a variety of topics, and not know anything about managing money.
If you always spend what you earn or more, then you will never become wealthy. That is true whether you are a cashier making minimum wage or a doctor making $200,000 a year. Sure, you could have a lot of stuff, but you will never accumulate wealth and will always need to work for a living. - mal1964, on 10/12/2007, -4/+9dumb people are very good at making life's
- drakethegreat, on 10/12/2007, -3/+8The stupid people provide the labor, the smart people do the engineering, and the average people profit off it by becoming business majors.
You may be enraged by this statement but you know its true. The world isn't perfect... Keep in mind the incredbly smart people know that there is more to life then having the fastest car or the hottest wife, its not as if this study was ground breaking. - corvin, on 10/12/2007, -0/+3"Perhaps they realize that there is more to life than the accumulation of material wealth." - ddxChrist
I'm really surprised by the people here on digg. Accumulating wealth is about being free to do whatever to want whenever you want and not being tied down to a 40 hour a week job, where you are stuck working for someone. You don't have to give up your entire life to accumulate wealth, you just have to invest your money wisely.
Smart people aren't wealthy because they are never taught financial education. They could be Stephen Hawking, but it's not going to make a difference because they don't know how to handle money and invest it for their future. Which is why we need to teach kids financial education in high school.
The article isn't a surprise to me, people like Robert Kiyosaki have been spouting the same thing for years; I extremely recommend his book "Rich Dad, Poor Dad" for those of you who haven't read it. He was a C student and is now a multi millionaire - Square47, on 10/12/2007, -2/+4Don't be idiots. The way to become wealthy is to live on less than you make and to budget money. Becoming rich is a slow process. It is like a 401k. You start doing the right thing early and year after year you get closer to your goal. My family has a middle income wage (maybe upper mid class for the midwest) but we will accumulate more money than most of my friends. How? We do a budget every money and literally save thousands of dollars each month. We don't borrow money, have zero debt, 15% income going into retirement (roth and traditional IRA), agree on large purchases before making them, and live on less than we make. Most wealth planning is very little actual calculator work. It is largely determined by personal behavior. Boring investments (like growth stock mutual funds) work fine. Most people don't become rich by doing something fancy. Most Americans become poor because they spend every freaking penny they make and use credit cards and second mortgages to finance a lifestyle that they can't actually afford. It doesn't matter what most of you make. Most Americans will overspend regardless. Kids get out of college and start trying to live like their parents because they think they "deserve it". Its your own damn fault you won't be rich.
- b612, on 10/12/2007, -0/+2NO *****
i know its been said but did they really need to write an article to tell us this. How many incompetent dumbasses are there that are wealthy, how many smart people have modest amounts of money.
buried as no ***** - osfn8, on 10/12/2007, -1/+3Read the article people. They are talking about wealth, not income. It says that income is directly related to IQ, but wealth isn't. Wealth is assets minus liabilities so the article is saying that everybody regardless of intelligence can/can't handle money properly.
- bluejayv1, on 10/12/2007, -0/+1Saving and making smart investments are really keys to being rich. The savings aspect really takes personal responsibility and requires one to acquire a sense of future time-preferences. The investment side grows from building professional relationships with others and satisfying their wants and needs by one's own capital investments. A truly wealthy person is able to moderate one's personal desires and establish robust relationships with the people with whom one does business.
- kiloWatt, on 10/12/2007, -0/+1jokes from "The Simpsons" are the most accurate social barometer ever. (That makes perfect sense if you're as drunk as I am!)
- CaptShmo, on 10/12/2007, -2/+3my first thought was that the article would just be a big pic of Paris Hilton... you snatched the thought right out of my brain, good work!
- Leomarth, on 10/12/2007, -2/+3I think that saving and spending habits tend to make more of a difference than earned income when it comes to wealth and poverty. There probably are a portion of poor people who cannot get a higher paying job. However, I would believe that the majority have problems curtailing their discretionary spending.
- IronTek, on 10/12/2007, -1/+2A buddy and I just had a conversation covering this. He didn't say anything stupid or the like, but I did have to make the point to him that being relatively intelligent only virtually guarantees you that you won't be poor...but it will certainly not guarantee that you'll be rich. The smart and stupid alike can be wealthy.
But, basically, my point was that there's no sure path to becoming rich, but there is a sure path to not being poor (all else being equal). - spriggig, on 10/12/2007, -2/+3Simpsons did it!
"They Saved Lisa's Brain" AABF18
Brockman: So, Lisa, what do you and your fellow eggheads have
planned for the city? Business as usual?
Lisa: No, Kent, we're going to use the power of good ideas
to change things for the better.
Brockman: [laughs] Well, excuse this jaded reporter if he says
he's heard that before.
Lisa: Oh, well, we really mean it.
Brockman: [shocked] Ahh! You do?
Lindsay: Yes. For example, no one was showing up for jury
duty, so we made the experience more exciting by
synergizing it with his comic book collection.
[cut to Moe's tavern. Moe opens an envelope]
Moe: [reading] You have been chosen to join the Justice
Squadron, 8 a.m. Monday at the Municipal Fortress of
Vengeance. Oh, I am *so* there. - tanto, on 10/12/2007, -0/+1Being broke is a temporary thing. That can be fixed. Being poor often can’t be fixed because you are poor because of your attitude and willingness to do something about your financial situation.
Poor people will be the first to tell you that, whatever you have to share with them, they can't afford it. Being poor is an excuse to remain poor. People who are broke often don't need excuses.
They use their temporary financial situation as incentive to make a change in their lives to resolve their broke situation so the will not be poor the rest of their lives.
http://orangtuamurid.info/blog - etnu, on 10/12/2007, -2/+3Person A graduates cum laude from the best engineering school in the world, invents world-changing technologies, and gets paid $90k a year by some big software company.
Person B barely manages to make their way through their undergraduate, sloughs around for a few years, and then gets an MBA. They're paid $200k and are VP of the same company.
This isn't even an exaggeration. Spend a few weeks at any fortune 500 company and you'll quickly realize that being rich has absolutely nothing to do with being smart. - heppareppana, on 10/12/2007, -0/+1Ohh the western mind. All this talk about being "wealthy" and being "independent". I'm sure you moneywise people dont need it, but I'll be happy to loan these 2 cents of mine to buy all you some clues that there's so so so much in life than all this material hollow bulls?it.
- Altotus, on 10/12/2007, -0/+1Earning a lot of money takes brains and effort. Saving money takes discipline and common sense.
If you've got the brains or drive, you can make lots of money, but without discipline and common sense, you'll spend it as soon as you have it (maybe even spend more). If you are lazy or distracted, you can still have money in the bank if you can live simply and save as a matter of course.
We needed a study for that? - lemon67, on 10/12/2007, -2/+2And his entire cabinet
- lemon67, on 10/12/2007, -2/+2... George Bush
- rnwen2750, on 10/12/2007, -5/+5I agree, however lots of people "earn" money because they are in a position created for them by someone they know/are related to.
- rnwen2750, on 10/12/2007, -5/+5Damn it. I was going to say "Case in point: Paris and Nicole." Good show!
- DeskFlyer, on 10/12/2007, -4/+3And vice versa. ;)
- inactive, on 10/12/2007, -4/+2Well ... making a living is the most important conduit to making a life. Perhaps my greatest goal at the moment is to achieve financial security, and at the age of 23 I am on track to save $22,000 this year between my Roth Ira, my 401K, and my liquid savings account. My goal is to build a good "***** you" fund so that when I am 40 and get sick of working for someone else, I can tell them to ***** off and spend more time with my wife and kids.
It's all about priorities and the concept of delayed gratification... - fullphaser, on 10/12/2007, -5/+4I thought Ted Turner was proof of this?
- AJRiddle, on 10/12/2007, -6/+5Its called the Bell Curve people
- TimDigg, on 10/12/2007, -2/+1wow there are some greedy bastards on digg
- fuckingusername, on 10/12/2007, -3/+1you don't have to be smart to post a lame article
- inactive, on 10/12/2007, -3/+1Meh......
In this area the four largest employers are a defense contractor, a pharmaceutical giant, and two major players in the hospitality industry... I know plenty of Engineers and Scientists who make six figures and live like they make $40,000. I know of plenty of business/marketing people who make six figures and who live in enormous houses and drive expensive cars. These stereotypes aren't really all that close to being true, at least from my experience. - inactive, on 10/12/2007, -7/+5OOOOOH buried biznatch!
- hitemup054, on 10/12/2007, -4/+1seriously????
- inactive, on 10/12/2007, -6/+1like poop
- GoldYoshi, on 10/12/2007, -7/+2Don't forget Bill Gates! You just have to be a greedy bastard to become rich!
- blahtastic, on 10/12/2007, -8/+3http://www.explosm.net/comics/828/
- Lumiras, on 10/12/2007, -7/+2I think countless celebrities have already proven this...moving on
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